North American stock markets rebound in early trading with Shopify leading

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TORONTO — North American stock markets rebound in early morning trading with shares of Shopify Inc. surging on its near doubling of revenues in latest quarter.

The S&P/TSX composite index was up 94.54 points at 16,215.86.

In New York, the Dow Jones industrial average was up 19.11 points at 26,398.39. The S&P 500 index was up 15.65 points at 3,234.09, while the Nasdaq composite was up 79.68 points at 10,481.78.

The Canadian dollar traded for 74.87 US compared with 74.78 on Tuesday.

The September crude contract was up 35 cents at US$41.39 per barrel and the September natural gas contract was up 1.7 cents at nearly US$1.88 per mmBTU.

The August gold contract was up US$7.80 at US$1,952.40 an ounce and the September copper contract was down 0.15 of a cent at nearly US$2.92 a pound.

Companies in this story: (TSX:GSPTSE, TSX:CADUSD)